Forex Analytics
Forex trading plan for April 21
US dollar weakened last week on the stream of weaker-than-expected data releases in the US. On Friday, however, bright consumer sentiment provided the greenback some support. As a result, it reached technical support versus some of the major...
Forex Analytics
CFTC: speculators cut USD longs
20 April 2015
By Kira Iukhenko
According to the most recent СFTC report, released on April 17, investors keep on lowering long USD positions. Cost of net USD longs fell by 0.6 bln to $39.7 bln. Dollar longs are contracting for a third week in a...
Forex Analytics
Danske Bank: trade signals for Apr. 20
Open positions:*
USD/JPY: Hold SHORT at 119.67, TAKE PROFIT 118.30, STOP LOSS 119.78
USD/CHF: Hold SHORT at 0.9749, TAKE PROFIT 0.9450, STOP LOSS 0.9585
AUD/USD: Hold LONG at 0.7740, TAKE PROFIT 0.7905, STOP LOSS 0.7695
EUR/JPY: Hold...
Forex Analytics
Is the US dollar rally over?
17 April 2015
By Kira Iukhenko
US dollar was hurt by a range of negative news on the past week. As a result, possibility of the Fed’s rate hike in June has once again come under question. According to the most recent Wall Street Journal poll, 65%...
Forex Analytics
GBP/JPY: buy target - 180.00
17 April 2015
-GBP/JPY reversed from support level 176.00
-Next buy target - 180.00
GBP/JPY recently reversed sharply from the strong support level 176.00. This support level also previously reversed the price 3 times in January and February, as...
Forex Analytics
EUR/NZD: sell target - 1.3800
17 April 2015
-EUR/NZD reached sell targets 1.4120 and 1.4000
-Next sell target - 1.3800
EUR/NZD has been falling in the last few trading sessions – reaching the support levels 1.4120 and 1.4000 – both of which were set as the sell targets in our...
Forex Analytics
Forex trading plan for April 17
By Kira Iukhenko
US dollar index keeps on falling for a third day in a row. US economic data keeps on disappointing the market: on Thursday we’ve seen weak housing market figures. On Friday the market will focus on March CPI (April: +0.2%)...
Forex Analytics
Danske Bank: trade signals for Apr. 16
Open positions:*
EUR/CHF: Hold SHORT from 1.0420, TAKE PROFIT 1.0186, STOP LOSS 1.0401 (revised)
USD/JPY: Hold SHORT from 119.67, TAKE PROFIT 118.30, STOP LOSS 119.78 (revised)
USD/CHF: Hold SHORT from 0.9749, TAKE PROFIT 0.9540, STOP...
MARKET NEWS
ECB press-conference: key points
15 April 2015
-ECB left monetary policy unchanged at 0.05% in April;
-QE proceeding smoothly (60B euros per month) and proves to be effective; purchases intended to run until Sept. 2016;
-ECB stimulus needs to be fully implemented to work;
-Draghi...
Forex Analytics
Danske Bank: trade signals for Apr. 15
Open positions:*
EUR/USD: Hold LONG at 1.0605, TAKE PROFIT 1.0788, STOP LOSS 1.0555
USD/JPY: Hold SHORT at 119.67, TAKE PROFIT 118.30, STOP LOSS 120.20
USD/CAD: Hold SHORT at 1.2555, TAKE PROFIT 1.2115, STOP LOSS 1.2670
USD/CHF: Hold...
Forex Analytics
Forex trading plan for April 15
The strength of the US dollar was undermined by lower-than-expected retail sales and producer prices data. However, the weakness in American currency looks temporary and represents an opportunity for short-term longs.
EUR/USD is consolidating...
Forex Analytics
EUR/USD: what to expect from the ECB?
14 April 2015
By Elizaveta Belugina
On Wednesday don’t miss the European Central Bank’s meeting (11:45 GMT) & Mario Draghi’s press conference (12:30 GMT).
The ECB is expected to keep its policy unchanged: low rates + buying 60 billion...
Forex Analytics
Danske Bank: trade signals for April 14
Open positions:*
EUR/CHF: Hold SHORT at 1.0420, TAKE PROFIT 1.0186, STOP LOSS 1.0475
USD/JPY: Hold LONG at 119.95, TAKE PROFIT 121.20, STOP LOSS 119.60
GBP/USD: Hold SHORT at 1.4680, TAKE PROFIT 1.4415, STOP LOSS 1.4745
Trade ideas...
Forex Analytics
Forex trading plan for April 14
By Kira Iukhtenko
Demand on the US dollar keeps on rising on Monday with the DXY index approaching the 100 points figure. Poor China’s trade figures pulled the investors back from the commodity currencies into the safe USD – even despite the...
Forex Analytics
Danske Bank: trade signals for April 13
Open positions:*
USD/JPY: Hold LONG at 119.95, TAKE PROFIT 121.20, STOP LOSS 119.38
EUR/CHF: Hold SHORT at 1.0420, TAKE PROFIT 1.0279, STOP LOSS 1.0475
Trade signals:
EUR/USD: SELL at 1.0648, TAKE PROFIT 1.0457, STOP LOSS 1.0692...
MARKET NEWS
Key option levels
13 April 2015
FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most...
Forex Analytics
USD/SGD: buy target - 1.3760
10 April 2015
-USD/SGD completed intermediate ABC correction (2)
-Next buy target - 1.3760
USD/SGD recently reversed up sharply from the strong combined support zone lying between the support level 1.3500 (which also previously reversed the minor...
Forex Analytics
EUR/CAD: sell target - 1.3300
10 April 2015
-EUR/CAD reached sell target 1.3400
-Next sell target - 1.3300
EUR/CAD today reached the support level 1.3400, which was set as the sell target in our previous forecast for this currency pair. The price earlier reversed down sharply...
Forex Analytics
EUR/NZD: sell targets - 1.4120 and 1.4000
9 April 2015
-EUR/NZD falls inside minor impulse 3
-Next sell targets - 1.4120 and 1.4000
EUR/NZD recently reversed down strongly from the resistance level 1.4500 (which has been reversing this currency pair from the middle of last...
Forex Analytics
AUD/CHF: buy target - 0.7600
9 April 2015
-AUD/CHF rises inside minor C-wave
-Next buy target - 0.7600
AUD/CHF recently reversed up from the support zone lying between the the support level 0.7200 (which was set as the sell target in our previous report for this currency...